The Residences at Mandarin Oriental Reach Sales Milestone

As the Las Vegas residential market fights for its life, with Nevada’s foreclosures once again at the top of the national chart in a time when homebuilding is at the top of its game, it seems that the market might find a typically flashy savior, considering the context. According to a recently released press statement, one of the city’s most high profile luxury residential properties, The Residences at Mandarin Oriental, has announced strong sales figures for the first six months of its existence.

One of the city’s highest-profile luxury residential properties, The Residences at Mandarin Oriental, has achieved strong sales figures for its first six months.

Located on the upper floors of the Mandarin Oriental hotel in MGM Resorts International’s CityCenter, the 74 residences sold to date have generated $76 million, according to a statement from MGM Resorts.
Averaging 10 sales per month, the Residences features high-end one-, two- and three-bedroom units ranging in size between 1,110 and 4,000 square feet.

Designed by Kohn Pedersen Fox Associates, the 47-story tower’s Residences component features 225 luxury units, with prices starting at $680,000 for a one-bedroom apartment.

As part of CityCenter, the Mandarin is near ARIA Resort & Casino and The Shops at Crystals.